"Bitcoin (BTC) Short-Term Investor Profitability Indicator Recovers to 1.0... Could It Signal Further Rebound?"
Minseung Kang
Summary
- Bitcoin (BTC) short-term investor profitability indicator has recovered to the 1.0 level, raising expectations for further upward movement.
- According to Glassnode, the 1.0 level has acted as a strong resistance line in past bear markets.
- They stated that if this rebound trend continues, the market's recovery momentum will be strengthened.
Bitcoin (BTC) short-term investor profitability indicator has recovered, raising expectations for further upward movement.
On the 25th, virtual asset analysis firm Glassnode announced on X (formerly Twitter) that "Bitcoin's Short-Term Holder Profit/Loss Ratio (STH Profit/Loss Ratio) has rebounded to the neutral level of 1.0," indicating that the balance between coins in a loss state and those in a profit state has been achieved.
They added, "In past bear markets, this 1.0 level acted as a strong resistance line, and the indicator repeatedly failed to break through and declined again," stating, "If this rebound trend continues, the market's recovery momentum will be strengthened."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.